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Search Results 0 to 17 of about 18 (some duplicates have been removed)
Oct 11, 2012 9:00am EDT
. carl quintanilla is on assignment this morning. >>> we begin with breaking news on sprint and softbank. david faber's been working this all morning. >> yeah. it's been like the old days, those phones lighting up. we got a lot of details to share but also a lot of questions. we can tell you for the last few months softbank has been in negotiations to buy a majority position in telecom provider sprint. now originally those talks also included my sources tell me t-mobile. in fact, would have involved a deal in which t-mobile and sprint got together, something that has been discussed many times in the past. and then softbank came in with a very large equity check buying down significantly what was deutsche telecom's stake in the overall and perhaps buying even more from the sprint shoulder. that deal didn't happen. as we all know, in fact t-mobile has moved on, has a deal to acquire pcs. by the way, while there's been a great deal of speculation that sprint might try an jump that deal, i think we can put that aside for the moment because that's not likely to happen. pcs shares are down. th
Oct 11, 2012 6:00am PDT
states. nhk has learned that softbank is acquiring the third largest mobile phone carrier, sprint nextel. the purchase would spawn a global telecom giant. the negotiations are going on as the use of smartphones and other mobile devices is growing worldwide. sprint nextel has more than 56 million subscribers. nhk sources say softbank executives are in negotiations to acquire two-thirds of the total shares. softbank's total investment is expected to reach about $12.8 billion. both firms are providers for apple's iphones and both use a high-speed wireless communications protocol called lte or long-term evolution. the stronger yen is believed to be a factor in softbank's consideration in aspiring to buy sprint nextel. softbank executive are amay or may notally hoping to vastly expand their network in the u.s. where the market is showing considerable growth. if successful, the deal would lead to the creation of a telecommunications company with more than 90 million subscribers. >>> europe's financial leaders keep hearing others talk act their problems with debt. they're eager to turn the atte
Oct 11, 2012 7:00pm PDT
. softbank is considering acquiring sprint nextel. sprint nextel has more than 56 million subscribers. negotiations are to acquire more than two-thirds of the company's shares. it's expected to reach $12.8 billion. both firms are providers for apple's iphone and they both use a high speed wireless communication protocol called long term evolution. the stronger yen is believed to be a factor in soft bank's decision in acquiring sprint nextel. they are hoping to vastly expand their network and customer base in the united states where the market is showing considerable growth. if successful the deal would lead to the creation of a te telecommunications with more than 19 million subscribers. >>> u.s. markets ended lower dragged down by lackluster earning reports. the dow jones extended its losing streak to four days. this is the lowest closing since september 11. we go to ramin who is at the tokyo stock exchange. what can you tell us? >> good morning. following the slight losses that we saw in new york we got to keep track of the tex sector following advance micro devices that cut its for
Oct 11, 2012 12:00pm EDT
faber has been reporting all morning. it is in talks with softbank about a major investment. with the move today sprint hits a four-year high. it topped $6 for the first time in about four years. take a look at pcs. pcs today one of the big drags. now it looks like sprint won't need to make some sort of bid for pcs. clearwire and leap are two of the other wireless players moving right along in sympathy with sprint. their prospects some feel look a little better. i don't know what you guys think about that. >> let's ask stephanie link. do you guys own sprint? i can't remember. >> we don't own sprint. we're waiting for it to be under $5. >> good luck. >> absolutely. the way i would trade, i certainly wouldn't chase it here today. i still like the tower guys, phone castle, amt. i also think at&t and verizon, they've been coming down on competition, the threat of new competition. watch for at&t below 35. i think that stock is very interesting. >> okay. on the way our top three trades. plus, health care stock picks depending on who wins the election. >>> later, of course, our cnb
Oct 11, 2012 2:00pm EDT
pcs are now spiking. this is on a nikkei report saying that softbank is going to acquire it. look at that spike, up 1.6%. this is adding on to the story as we were following it this morning. sprint had a spike on its news. nikkei saying softbank to acquire pcs. >>> up next, more on our huge exclusive. listen to what erskine bowles had to say about the anger politicians are about to see up close. >> people are never going to understand how critical this particular time in history is. we have 7.7 trillion -- trillion -- dollars worth of economic events that are going to hit america in the gut in december. and in washington, they're doing nothing about it! nothing about it! we should be asking these guys running for president and every guy running for congress -- what are you going to do? >> it is a really good question. right? what are they going to do? we will find out -- next. >>> let's continue the discussion now around our exclusive interview with lloyd blankfein, erskine bowles and alan simpson. even though there is a lot of concern about the fiscal situation, the goldman ceo s
Oct 12, 2012 4:00am EDT
it and that's what softbank wants because its spectrum is what so softbank uses in japan. sure to be more negotiations. >> joining us is ed rogers. i don't know, is it audacious? it's certainly complicated. how do you think it will pan out? >> this is a fascinating deal. i think it's fascinating for two reasons. first of all, is this a statement about investment opportunities in the wireless market in the united states and taking on the big two, if you will, or is this more of a statement about how much money there is sitting in japan trying to find a home someplace. you know, why is softbank doing this deal, who will finance a $13 billion deal. that's as interesting as the deal itself to be honest with you. >> giles is nodding his head. but you're suggesting there is so much cash sitting around, eventually it is finally coming on out. investors have got fed up with earning nothing. >> absolutely. absolutely. somebody will finance this deal. softbank doesn't have the money in the bank. so, again, it's a $13 billion deal. this is an enormous deal. and i think the implications globally of j
Oct 11, 2012 6:00am EDT
the clearance and now it's got it. check out squares of sprint nextel, japan softbank talking about a two-thirds stake of sprint. nhk reported the original story and "the journal" says those talks are "advanced." it would be the largest foreign stake purchased by a japanese company on record and the stock is up 12% in the premarket. also a busy day for ipos, five are set for today, realogy holdings, intercept and kythera and shutterstock priced its offering above its expected range and garrison capital is expected to go public but not yet priced. >> it's a one shot on you, becky. >> i thought you had something you wanted to say. >> no, got nothing. >>> the street eagerly looking ahead to jpmorgan and wells fargo, those companies out with earnings on friday and joining us on set with a preview is betsy graseck, morgan stanley's large cap analyst. what are you looking for? >> looking to understand how good the fixed income has been, how good housing has been and all the various ways it's impacting them, and then on the other side of the equation is nim, what's the forward look there. i this
Oct 12, 2012 9:00am EDT
about. as soft bank and sprint continue to negotiate a deal, under which softbank would end up with a majority control position of the third largest telecom provider in the country. you can see sprint shares are down this morning. let's start there, shall we? at this point, the best we can come up with in terms of my reporting, at least, and the structure of this, and others have been reporting same. yesterday, remember, we told you, they would end up with something around a 70, 7 5% position in the overall company. question is how they get there. at this point it would appear they would be buying primary shares from the company, up to 19.9%. remember, anything above that, you need to have a shareholder vote. according to the rules from the new york stock exchange. so sell 19.9%. sprint is able to raise cash. similar to, you know, a public offering in the sense that new shares then would actually embark on a tender offer to try to take them up. what is the price? well, again, i have to tell you we don't know certainty on price. somewhere around 630, 640, 650 has been the specul
Oct 12, 2012 4:00am PDT
after a report it could be bought by japanese cell phone provider softbank. >>> and defense truck maker oshkosh shot up on news activist investor carl icon offering to buy the company for almost $3 billion. >>> elsewhere, big changes to walmart's employee health care plan. starting next year the mega chain will offer u.s. employees and their families free heart, spine, and transplant surgeries at six major health centers including the mayo and cleveland clinics. the reason, walmart believes paying more to get the job done right the first time saves on costly complications. >>> well, it's going to cost another penny to mail a letter next year. the cash strapped u.s. postal service will raise rates on january 27th to help offset a record $15 billion in losses this year. that means if you stocked up on those forever stamps back in 2007 when they debuted for 41 cents, you're now saving a nickel apiece. not bad. >>> and finally, do you get a warm, fuzzy feeling when you see that thumbs up sign next to your facebook post? come on, we all do, right? well, some creative students at m.i.t. have
Oct 11, 2012 6:00pm EDT
sprint below $5 if the softbank deal was all smoke and no fire. the real winner is you, the consumer. the more well capitalized players in wireless the better things are. three cheers if the softbank investment is the real deal. stay with cramer. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's
Oct 11, 2012 11:00pm EDT
day one. i have the conviction to buy more sprint below $5 if the softbank deal was all smoke and no fire. the real winner is you, the consumer. the more well capitalized players there are in the wireless industry, the better things are for all of us. three cheers if the softbank investment is the real deal. stay with cramer. [ male announcer ] the 2013 smart comes with 8 airbags, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be take
Oct 12, 2012 3:00am EDT
$5 if the softbank deal was all smoke and no fire. the real winner is you, the consumer. the more well capitalized players there are in the wireless industry, the better things are for all of us. three cheers if the softbank investment is the real deal. stay with cramer. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. but lately she's been coming in with less gray than usual. what's she up to? [ female announcer ] root touch-up by nice'n easy has the most shade choices, designed to match even salon color in just 10 minutes. with root touch-up, all they see is you.
Oct 12, 2012 12:00pm EDT
, metro ps, all over sprint reportedly in talks with softbank. scott, what do you like? >> i like verizon and at&t. >> still? >> now i have companies coming in that revitalized, stronger pricers, that's in terms of deutsche telecom and with their t-mobile and in terms of sprint. however, i was reading today softbank needs a $23 billion loan, maybe you can give it to him, maybe pete can give it to him so the deal is not done yet. >> weiss, you're hanging the circles where 23 billion is a drop in the bucket. i know. >> it's chump change. >> you tell us which circles you roll in. >> it's chump change. i admit weekend tips but still a lot of money for sprint with their balance sheet. i'm getting more cautious now on verizon and telephone. i haven't sold yet. i think they'll bounce into earnings and then i'll revisit. >> workday blasts out of the gate with its trading debut. the web-based company popping more than 70%. josh brown would you be a buyer on this 70% pop? >> if you want to be in it and i probably do at some point you have to buy some today, just in case, but i would not take a full
Oct 11, 2012 1:00pm EDT
in clearwire even as sprint is soliciting a stake from softbank to take a stake into that company. clearwire here at a six-month high. >> thank you very much, ber that. >>> the vice presidential debate is on tap tonight and the branding wars are in full effect. jane wells is live in los angeles with one that may not be going all that well. miss jane? >> with all the questions facing the country, you heard from simpson-bowles and the debate tonight -- is one of them which pizza do you prefer? when branding creates its own debate when we come back. [ mal] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> welcome b
Oct 12, 2012 6:00am EDT
. and japan softbank said to be in talks with three major japanese banks to borrow the $23 billion to finance that bid for splint and as you saw yesterday on this show, news of a possible daily for the u.s. operator first broke here with david faber. softbank has been looking how you to break in to the u.s. market for months. and defense secretary leon panetta says the u.s. military could act preemptively if it detects an imminent threat of cyber attack. he urged stronger action to bolster america's defenses against such plots. officials say this was the first major policy speech on cyber security by any defense secretary. and we've been waiting. the nobel peace prize was awarded today to you, the -- no, that was "time" magazine. >> total cop out. >> a cheap mirror on the cover. this time it went to the european union. the entire union. >> who gets the money? >> i don't know. they'll use to pay off some of the unlg debts that they have. the committee citing the eu's historic role in uniting the continent saying the award was meant as a morale boost for the bloc as it struggles to resolve its
Oct 11, 2012 9:00pm EDT
the mobile carrier said it was in talks with japan's softbank. those negotiations could lead to the japanese tech giant taking a major e in america's third largest cell company. on wall street, stocks struggled to gain ground-- the dow fell 18 points, the nasdaq lost two points, but the s&p rose a fraction. advanced micro devices tonight cutting its third-quarter revenue estimates by 10%. it blames the sluggish global economy for weak sales across all of its product lines. tomorrow, our friday "market monitor" guest says 2013 will be a year of revitalization for the u.s. and emerging markets. he's jim paulsen of wells capital management. for more financial news, tune in to nbr weeknights on this public television station.
Search Results 0 to 17 of about 18 (some duplicates have been removed)